SYDNEY, Sept 25 (Reuters) - Air New Zealand Ltd said on Friday it had begun to draw down on a NZ$900 million ($589.95 million) government debt facility that would give it time to review its capital structure and complete a capital raising by June 2021.
The airline said the New Zealand government had reaffirmed its commitment to maintaining a majority shareholding and its board was in constructive talks with the government about its capital structure and funding.
New Zealand is due to hold a national election on Oct. 17. ($1 = 1.5256 New Zealand dollars) (Reporting by Jamie Freed; Editing by Himani Sarkar)
Our Standards: The Thomson Reuters Trust Principles.